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The Paradox System

  • #7,841
  • Feb 2, 2017 9:42am Feb 2, 2017 9:42am
Quoting Pandakker
{quote} {image}
There you go Chris
Nobody can be told what The Matrix is. You'll have to see it yourself.
  • #7,842
  • Feb 2, 2017 11:03am Feb 2, 2017 11:03am
I remember that i *posted few things about the candles, let me recap if anyone is confuse.

* How to count the candles.

http://www.forexfactory.com/showthre...61#post8815961

* How to fix your candles number.

http://www.forexfactory.com/showthre...32#post8775132
  • #7,843
  • Edited 2:34pm Feb 2, 2017 1:09pm | Edited 2:34pm
Date: 2/2/2017, 12:50 EST

Daily:
ROMAR Support
EMA Support
PSAR Support, eliminated

Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 123.299, top
Fibo up or down Up

Notes: ROMAR and EMA are support, PSAR is support but eliminated by White/Purple crossing.

2 HR:
ROMAR Resistance
EMA Resistance
PSAR Resistance

Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 122.259, bottom
Fibo up or down Up

Notes: 4 horsemen in downtrend. Market below ROMAR which is resistance. Retrace to EMA. Green dash-line attached with DB.

1 HR:
ROMAR Resistance
EMA Resistance
PSAR Resistance, eliminated

Check List:
Last MACD 0 crossing Down
Last EMA Alert Arrow Down
Last DB Attachment 121.259, bottom
Fibo up or down Down

Notes: 4 horsemen in downtrend. White/Purple crossing elimiating PSAR resistance.

Final Notes: Consolidation. 4 horsemen in downtrend on H1 and H2. DB and Green attached at the bottom. Retracement to EMA on H2.

Entry: Short at EMA on H2. 40/40: SL above ROMAR and PSAR, TP just 1 or 2 pips below last DB attachment between Fibo 23.6 and 0.0 on H2.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYproH2.png Size: 127 KB


Evaluation: TP hit at 15:28 EST. Market retraced to EMA on H2 after attachment of DB and Green at 121.259. I believe there was enough consistency between H1 and H2, both in downtrend, and enough space to run down again to the DB attachment level after EMA hit. Maybe I should have waited until candle close; if you look on H1, the 12:00 EST candle closed above PSAR and the next candle opened above PSAR and PSAR did not flip and this is a confirmation for a down move.

Correct or just luck?
  • #7,844
  • Feb 2, 2017 4:17pm Feb 2, 2017 4:17pm
2/2/2017
Session Sydney : EUR/JPY
Daily Open: Below EMA, just above Romar.
Romar: Support
EMA: Resistance
Parabolic: Eliminated
Notes: Purple crossed White, Smooth, about to cross EMA. Trend EMA arrow down, MACD zero cross arrow down. Purple about to cross EMA for down trend. Market bounced off 23.6 Fibo.

H1
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Purple crossed White and Smooth. Trend EMA arrow down, MACD zero cross arrow down. Fibo up, bounce off 0.0.

H2
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen down. Last Trend EMA arrow down, Last MACD zero cross down, DB down with Gold and Blue divergence attached.


FINAL NOTES: H1, H2, and Daily in synch with down trend. Plenty of room to go down despite divergence attachment. Will go short off resistance.

Buy:

Sell: Will enter short off retrace to EMA

Adjustments:
  • #7,845
  • Feb 2, 2017 5:34pm Feb 2, 2017 5:34pm
Quoting marian
Date: 2/2/2017, 12:50 EST Daily: ROMAR Support EMA Support PSAR Support, eliminated Check List: Last MACD 0 crossing Down Last EMA Alert Arrow Down Last DB Attachment 123.299, top Fibo up or down Up Notes: ROMAR and EMA are support, PSAR is support but eliminated by White/Purple crossing. 2 HR: ROMAR Resistance EMA Resistance PSAR Resistance Check List: Last MACD 0 crossing Down Last EMA Alert Arrow Down Last DB Attachment 122.259, bottom Fibo up or down Up Notes: 4 horsemen in downtrend. Market below ROMAR which is resistance. Retrace to EMA. Green...
OK Marian - a very good and excellent trade. Let me bring this to your attention, with the others:

Always try to catch EMA crossing Purple within the ROMAR trend. The reason is because this will always give you 40 pips. Once EMA crosses Smooth it will begin to expand outward from Smooth. If you wait too long in using EMA for an entry you may get caught in a slider or a reversal. This is true ONLY on the H2. On the H1 the hits are on the Parabolic's. The only thing I can say negatively is your trade was a little late in taking it towards the bottom. But other than that - the execution was excellent.
The Dove - Forex Trainer
  • #7,846
  • Feb 2, 2017 5:37pm Feb 2, 2017 5:37pm
Quoting shinny
{quote} There you go Chris
Thanks shinny. I was correct then that there are actually only 39 candles in pradels chart including the candle at the far edge. No more questions about it.
Also just wanted to say that you guys that are posting plan after plan is not a good idea. Dove gives of his time freely and when you keep posting it is an ego trip and trust me I've been there. Post a plan here and there but when you keep posting you are looking for approval from Dana and that is ego. These guys are giving of their free time and when you get a compliment, there is no need to keep posting. Your on the right tract so post one here and there or else you are falling into the trap needing the approval of the pros. They aren't going to keep answering. They are there to help those that need it. Period.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,847
  • Feb 2, 2017 5:45pm Feb 2, 2017 5:45pm
Quoting Clip75
{quote} Thanks shinny. I was correct then that there are actually only 39 candles in pradels chart including the candle at the far edge. No more questions about it. Also just wanted to say that you guys that are posting plan after plan is not a good idea. Dove gives of his time freely and when you keep posting it is an ego trip and trust me I've been there. Post a plan here and there but when you keep posting you are looking for approval from Dana and that is ego. These guys are giving of their free time and when you get a compliment, there is no...
Try again - 39 showing with 40 across.
The Dove - Forex Trainer
  • #7,848
  • Feb 2, 2017 5:47pm Feb 2, 2017 5:47pm
Quoting Clip75
{quote} Thanks shinny. I was correct then that there are actually only 39 candles in pradels chart including the candle at the far edge. No more questions about it. Also just wanted to say that you guys that are posting plan after plan is not a good idea. Dove gives of his time freely and when you keep posting it is an ego trip and trust me I've been there. Post a plan here and there but when you keep posting you are looking for approval from Dana and that is ego. These guys are giving of their free time and when you get a compliment, there is no...
AND - posting trading plan for every trade is the RULE. If they trade daily then so be it.
The Dove - Forex Trainer
  • #7,849
  • Feb 2, 2017 5:51pm Feb 2, 2017 5:51pm
Quoting dove_alliance
{quote} Try again - 39 showing with 40 across.
That's exactly my point. His chart had only 38 with one at the edge making 39. So I'm not sure where you are mistaking this.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,850
  • Feb 2, 2017 5:58pm Feb 2, 2017 5:58pm
Quoting Clip75
{quote} That's exactly my point. His chart had only 38 with one at the edge making 39. So I'm not sure where you are mistaking this.
That is not what you said Chris, this is what you said:

"39 candles in pradels chart including the candle at the far edge."

To the edge is 40 with 39 showing.
The Dove - Forex Trainer
  • #7,851
  • Feb 2, 2017 6:09pm Feb 2, 2017 6:09pm
Quoting dove_alliance
{quote} That is not what you said Chris, this is what you said: "39 candles in pradels chart including the candle at the far edge." To the edge is 40 with 39 showing.
You are stating that we need 40 candles including the edge. I know that and I'm stating that this chart only has 39 with the edge. I'm not sure how I can make it any clearer. Take a look if you will.
Attached Image (click to enlarge)
Click to Enlarge Name: 39 candles.png Size: 57 KB
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,852
  • Feb 2, 2017 6:27pm Feb 2, 2017 6:27pm
Date: 03/02/17

Daily:
ROMAR - Support
EMA - Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing – down
Last EMA Alert Arrow – down
Last DB Attachment – up(123.299), sar-down(121.003)
Fibo up or down - up
Notes: daily in consolidation with ema as resistance and romar as support.

2 HR:


OPENING PRICE: 121.320
ROMAR - Resistance
EMA – Resistance
PSAR - Resistance

Check List:
Last MACD 0 crossing – down
Last EMA Alert Arrow - down
Last DB Attachment – down, 121.198
Fibo up or down - down

Notes: 2H is in downtrend.

1 HR:
ROMAR – Resistance
EMA – Resistance
PSAR - Resistance
Check List:
Last MACD 0 crossing – up
Last EMA Alert Arrow – down
Last DB Attachment –down
Fibo up or down – up

Notes: 1H in downtrend
Final notes: Market in consolidation. the market can retrace to daily purple resistance so I will consider a long. Daily 23.6 fibo currently holding support. I wont consider a short till the market hit a major resistance (1H/2H) because the market doesn’t go that far in consolidation.
Entry:
Long: entry from white/purple crossing, open candle above smooth
Short:
Adjustment:
  • #7,853
  • Edited 10:18pm Feb 2, 2017 6:39pm | Edited 10:18pm
2/2/2017
Session Sydney : EUR/JPY
Daily Open: Below EMA, just above Romar.
Romar: Support
EMA: Resistance
Parabolic: Resistance
Notes: Purple crossed White, Smooth, and EMA for down. Trend EMA arrow down, MACD zero cross arrow down. Purple about to cross EMA for down trend. Market bounced off 23.6 Fibo. PSAR flipped for down. Plenty of room for 40 pips down before hit on Romar.

H1
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Purple crossed White and Smooth. Trend EMA arrow down, MACD zero cross arrow down. Fibo up, bounce off 0.0.

H2
Romar: Resistance
EMA: Resistance
Parabolic: Resistance
Notes: Four Horsemen down. Last Trend EMA arrow down, Last MACD zero cross down, DB with SAR price tag down with Gold and Blue divergence attached. Fibo down.


FINAL NOTES: H1, H2, and Daily in synch with down trend. Plenty of room to go down despite divergence attachment. Will go short off resistance.

Buy:

Sell: Will enter short off retrace to EMA

Adjustments: Entered a little early at contour line, missed my ideal entry by about three pips. Set TP+40 SL40.

Notes: Edit (Revised trade plan).

Trade Evaluation: I feel this was a good trade my entry was 121.484, TP was 121.083. After SAR hit to reenter downtrend I still felt confident in the trade. The SAR price tag shows a low of 121.078. Terminal didn't give me credit for TP. As per the rules which Dove has laid out, I let the trade run and is still running. After the surprise BOJ high impact news release I would have closed the trade early on a live account well into +30 pips as it was not scheduled. After the second BOJ high impact news release, I feel these are not normal events that can be accounted for. This trade will probably go on while I'm asleep for the night so, I guess we'll see what happens!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 487 KB
Click to Enlarge Name: Screenshot2.png Size: 407 KB
  • #7,854
  • Feb 2, 2017 7:02pm Feb 2, 2017 7:02pm
Quoting pradel
Date: 03/02/17 Daily: ROMAR - Support EMA - Resistance PSAR - Resistance Check List: Last MACD 0 crossing down Last EMA Alert Arrow down Last DB Attachment up(123.299), sar-down(121.003) Fibo up or down - up Notes: daily in consolidation with ema as resistance and romar as support. 2 HR: OPENING PRICE: 121.320 ROMAR - Resistance EMA Resistance PSAR - Resistance Check List: Last MACD 0 crossing down Last EMA Alert Arrow - down Last DB Attachment down, 121.198 Fibo up or down - down Notes: 2H is in downtrend. 1 HR: ROMAR Resistance EMA Resistance...
Entry
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 134 KB
  • #7,855
  • Feb 2, 2017 7:36pm Feb 2, 2017 7:36pm
Quoting Clip75
{quote} You are stating that we need 40 candles including the edge. I know that and I'm stating that this chart only has 39 with the edge. I'm not sure how I can make it any clearer. Take a look if you will. {image}
I have already gone through the issues with monitors over and over. There are traders that trading laptops, out of date computers, not the right resolutions, and etc. So my question is what business is it of yours when I understand the situation and so do they. Once they can afford the right equipment, I am sure they will handle the resolution. Just like you stating for these traders to back off posting trading plans. I appreciate your concern but really, that does not concern you as I believe I am the one that can tell someone not to post plans because they are there with their trading. And you are not there Chris, so what is your excuse in not posting trading plans?
The Dove - Forex Trainer
  • #7,856
  • Feb 2, 2017 8:15pm Feb 2, 2017 8:15pm
[quote=dove_alliance;9517810]{quote} I have already gone through the issues with monitors over and over. There are traders that trading laptops, out of date computers, not the right resolutions, and etc. /quote]


Right now exist Laptops and Desktops That is about 350usd 400usd (cheaper ones or maybe less), that can handle the enough resolution for the 40 candles. Only before anyone is going to buy a new Desktop or Laptop, verify first the Graphics Card and see what is the maximium resolution that support it and thats it.
  • #7,857
  • Feb 2, 2017 8:30pm Feb 2, 2017 8:30pm
[quote=Contrax;9517891]
Quoting dove_alliance
{quote} I have already gone through the issues with monitors over and over. There are traders that trading laptops, out of date computers, not the right resolutions, and etc. /quote] Right now exist Laptops and Desktops That is about 350usd 400usd (cheaper ones or maybe less), that can handle the enough resolution for the 40 candles. Only before anyone is going to buy a new Desktop or Laptop, verify first the Graphics Card and see what is the maximium resolution that support it and thats it.
Contrax - I have already stated what resolution is needed for the Paradox.
The Dove - Forex Trainer
  • #7,858
  • Feb 2, 2017 8:44pm Feb 2, 2017 8:44pm
[quote=dove_alliance;9517932]
Quoting Contrax
{quote} Contrax - I have already stated what resolution is needed for the Paradox.
Yes I know, The Buyer should ask about if the Paradox Resolution is avaiable before the Purchase.
  • #7,859
  • Feb 2, 2017 9:29pm Feb 2, 2017 9:29pm
Quoting dove_alliance
{quote} I have already gone through the issues with monitors over and over. There are traders that trading laptops, out of date computers, not the right resolutions, and etc. So my question is what business is it of yours when I understand the situation and so do they. Once they can afford the right equipment, I am sure they will handle the resolution. Just like you stating for these traders to back off posting trading plans. I appreciate your concern but really, that does not concern you as I believe I am the one that can tell someone not to post...
so what is your excuse in not posting trading plans?
Trying to give others a chance. Don't want to burden you considering how busy you are with your ministry and I know how giving you are and I get annoyed at people trying to take advantage of that. Two comments you made on plans this week were exact to my plan so I hope I'm studying properly. I'm trying to be sensitive to your schedule and learn from the info that has been already posted as opposed to taking shortcuts which you have taught me to not do.
Behind the curtain's mystic fold The glowing future lies unrolled!!
  • #7,860
  • Feb 2, 2017 9:58pm Feb 2, 2017 9:58pm
Quoting Clip75
{quote} so what is your excuse in not posting trading plans? Trying to give others a chance. Don't want to burden you considering how busy you are with your ministry and I know how giving you are and I get annoyed at people trying to take advantage of that. Two comments you made on plans this week were exact to my plan so I hope I'm studying properly. I'm trying to be sensitive to your schedule and learn from the info that has been already posted as opposed to taking shortcuts which you have taught me to not do.
There has always been some simple rules here about plans, and there are very good reasons for them:

1) Post your plan
2) Post your entry
3) Post your self-evaluation and result

Once your getting 80% and your plans are spot on, Dana will tell you not to post them anymore.

And the reason is that other traders just copy the best plans to get a free ride - which does not help in learning. Things are done here for a reason, nothing is left to chance.

Hope that helps.
Shaun
Nobody can be told what The Matrix is. You'll have to see it yourself.
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